Bitcoin (BTC) Value Skyrockets Past $59K Amidst Easing of Spot Bitcoin ETF Outflows

• Bitcoin rebounds to $59,300 as outflows from spot bitcoin exchange-traded funds (ETFs) in the US slow down.
• Spot bitcoin ETFs saw a net outflow of $34.4 million on May 2nd, a significant decrease from the previous day’s record outflows.
• Grayscale’s GBTC was the only ETF to see a net outflow on Thursday, totaling $55 million.

Bitcoin shows signs of recovery as outflows from spot bitcoin ETFs slow down, pushing its price above $59,300.

Slower Outflows from Bitcoin ETFs

BlackRock’s IBIT and Fidelity’s FBT... Read the full article for FREE at COINOTAG!